AWS Cost Management [EOL] Reviews

We set defined cost thresholds and receive alerts if the actual cost exceeds them. We use resource tagging for effective categorization and tracking of AWS resources, aligning them with specific projects for easier understanding and management. For optimal use of our elastic load balancer, we choose the right type, be it application load balancer or network load balancer, based on our application needs. We monitor and adjust elasticity and capacity to avoid unnecessary costs and implement auto-scaling to dynamically adjust the number of instances to maintain the desired application level.

To control data transfer costs, especially when moving data outside of AWS, we consider using AWS Direct Connect or AWS VPN for transfers within our organization. Setting up CloudWatch alarms helps monitor key metrics and receive notifications for specific events.

The tool's cost management feature provides a comprehensive view of AWS costs, allowing us to plan and make cost-effective decisions. With AWS Cost Explorer, we can perform cost planning, generate recommendations, and provide clients with suggestions for resizing. This feature includes data filtering and protection, offering users insights into spending patterns through AWS spending patterns and planning tools. The product is easy to learn. 

We use AWS Cost Management to monitor traffic and resource usage in our environment. It helps prevent the cost by identifying activities we don’t require.

The product provides the ability to set cost limits and budgets for a set of resources on the network. It helps us track our expenses and predict the approximate cost per month. Thus, its most valuable feature is predictive analysis.

Currently, I am a Finance Consultant. My organization uses Cost Explorer and Compute Optimizer from AWS Cost Management. 

Our primary use case for the solution includes a review of monthly bills to ensure they are compliant with the budget that has been set. 

We also look for opportunities to optimize by breaking down the costs into different services, applications, teams, and projects. 

From here, we create dashboards for the leadership team to review.

AWS Cost Management is good for providing in-depth information in one place. The reports are good, particularly the CSV file, which is the master file. It has all the information you would need to do any analysis. Most of the analysis is done using one of the other services from AWS Cost Explorer. 

The solution is easy to use and easy to access any information that someone may be interested in, such as understanding why a particular cost is high.

We have all of our virtual machines on AWS, so we use the AWS Cost Management tool to track our spending. It helps us to understand our bill.

This solution did not allow us to design the budget for each project internally. In any case, we have gained an understanding of the cost of common resources for each of our projects. But we are looking at different market solutions such as CloudHealth or Cloudability.

Our primary use case for AWS Cost Management is to manage costs. One of the financial institutes that we assisted once, incurred a 40-45 million dollar pay quarter on data center costs and moving into Azure. AWS Cost Management brought that down to $45 million for an entire year. 

It is one of the oldest templates on cloud. They shape it to fit any implementation requirement, so you could almost have a template for absolutely anything that you have on-premises that you want to move into the cloud.

Our specialization is optimization. So we optimize the infrastructure before it moves into the cloud so that the deployment in the cloud is okay. If you use the wrong template, AWS will charge you more, or for a bigger workload than it does for on-premises. And that's why we use it on-premises.

Since I was part of governance and cloud cost management teams, I used AWS Cost Management for cost management. I used to see the reports and determine what is causing the cost based on the recommendation from AWS Cost Management.

I like the recommendation we get from AWS Cost Management to use a particular image or VM type.

Our organization uses AWS. I am a certified architect on AWS. Every month, we generate the cost via the internal consumption servers. Whatever we bill is replicated on the customer's side.

The budgeting tool of AWS Cost Management is the most valuable feature. I have my own set of servers to run and afternoon servers to run, therefore budgeting tells me how much is being spent for the month.

I think everything about the solution is fine. Overall, it's a good product.

The stability and scalability are good.

The cost management portion of the solution should be improved.

I'm not able to get the savings online and have already budgeted my current account. I need to see every single cost in a dynamic way. The main problem with the CUR is it's not able to provide me that many detailed tasks that I can provide it to my management when I am expanding the amount. That is my major problem.

The solution needs to have its own dashboard for seeing details on it. It should be customizable as well so I have the ability to pull up the information I need to see and have it in one place for my reference. I should just be able to click and see everything I need in one step.

It would be helpful if they categorized the data. The amount of data isn't small, so it would help if I could organize it to help me find the information I need.

With parenting accounts, the solution should offer the capability to enter RI.